GM quickly halts paid promoting on Twitter By Reuters

By David Shepardson

(Reuters) -Basic Motors Co mentioned late on Friday it had quickly halted paid promoting on Twitter after Elon Musk accomplished his takeover of the social media firm.

The biggest U.S. automaker mentioned it was “participating with Twitter to know the path of the platform below their new possession.”

Twitter didn’t instantly reply to a request for remark. Musk can also be chief government of GM rival Tesla (NASDAQ:) Inc.

GM mentioned “as is regular course of enterprise with a big change in a media platform, we’ve got quickly paused our paid promoting.” The Detroit automaker added its “buyer care interactions on Twitter will proceed.”

Advert gross sales accounted for greater than 90% of Twitter’s income within the second quarter. At a presentation for advertisers in Might, some advert companies and types have been already skeptical and anxious over Twitter’s future.

On the eve of the deal’s closing, Musk appealed on to advertisers in an open-letter tweet: “Twitter clearly can’t turn into a free-for-all hellscape, the place something could be mentioned with no penalties!… Twitter aspires to be probably the most revered promoting platform on this planet that strengthens your model and grows your enterprise.”

Musk tweeted on Friday that Twitter will kind a content material moderation council “with extensively various viewpoints.” Musk mentioned no main content material selections or account reinstatements will occur earlier than the council convenes.